Myseum, Inc.’s common stock and Series A warrants to begin trading on Nasdaq under the new trading symbols "MYSE" and “MYSEW”, respectively, effective August 11, 2025 Social group media sharing platform upgrade will make it easier to share and preserve photos and videos now and with future generations NEW BRUNSWICK, N.J., Aug. 08, 2025 (GLOBE NEWSWIRE) -- DatChat, Inc. (Nasdaq: DATS) (“DatChat” or the “Company”), a security- and privacy-first social media and technology company, today announced a rebrandin ...

Leading national PR firm will direct communications efforts for the DatChat & Myseum Platforms ORLANDO, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- DatChat Inc. (Nasdaq: DATS), a secure messaging and social media company, has officially selected Otter PR as its public relations (PR) agency. Otter PR has been recognized as the #1 PR Agency by Clutch, G2, and UpCity for delivering consistent and quality media placements for their clients. DatChat Inc. CEO, Darin Myman, expressed his excitement about working with Ot ...

NEW BRUNSWICK, N.J., July 28, 2025 (GLOBE NEWSWIRE) -- DatChat, Inc. (Nasdaq: DATS) (“DatChat” or the “Company”), a secure messaging and social media company, today announced that the Canadian Patent Office has granted Canadian Patent No. 3,149,004, titled “Systems And Methods Of Transforming Electronic Content.” “We are continuing to build our global intellectual property portfolio covering our advanced digital privacy and other technologies. These patents are extremely important as we prepare for the worl ...

Core Viewpoint - DatChat, Inc. currently owns 34% of RPM Interactive, which has filed for an initial public offering (IPO) with the SEC [1] Group 1: DatChat Overview - DatChat, Inc. is a secure messaging and social media company focused on user privacy and information protection [4] - The company offers a messaging platform that allows users to control the visibility duration of their messages and prevents screenshots [4] - DatChat's Myseum is a digital storage and social network platform that provides 50 GB of free storage and allows users to create encrypted galleries and collections [5] Group 2: RPM Interactive Overview - RPM Interactive is an AI-generated publishing and software company developing an automated platform called Catch-Up for creating short-form video content [6] - The platform aims to simplify content creation for various users, from individual creators to major media brands, across diverse topics [6] Group 3: IPO Details - RPM Interactive has filed a registration statement on Form S-1 for a proposed IPO, with the number of shares and price range yet to be determined [1] - The company has applied to list its common stock on the Nasdaq Capital Market under the ticker symbol "RPMI" [1] - The Benchmark Company, LLC will act as the sole book-running manager for the proposed offering [2]

[PART I. FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) Unaudited Q1 2025 consolidated financial statements show total assets increased to $8.5 million, net loss widened to $1.62 million, and financing activities provided $4.38 million [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets increased to $8.51 million, driven by cash and short-term investments, with stockholders' equity growing to $7.81 million Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2025 ($) | December 31, 2024 ($) | | :--- | :--- | :--- | | **Total Current Assets** | $7,205,507 | $4,288,022 | | Cash and cash equivalents | $1,265,478 | $1,196,699 | | Short-term investments | $5,785,219 | $2,952,512 | | **Total Assets** | **$8,508,527** | **$5,371,458** | | **Total Liabilities** | **$699,436** | **$630,311** | | **Total Stockholders' Equity** | **$7,809,091** | **$4,741,147** | [Consolidated Statements of Operations and Comprehensive Loss](index=6&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Q1 2025 saw minimal revenue of $83, stable operating expenses at $1.66 million, and a widened net loss of $1.62 million, though net loss per share improved Q1 2025 vs Q1 2024 Operating Results (Unaudited) | Metric | Q1 2025 ($) | Q1 2024 ($) | | :--- | :--- | :--- | | Net Revenues | $83 | $131 | | Total Operating Expenses | $1,660,529 | $1,663,550 | | Loss from Operations | ($1,660,446) | ($1,663,419) | | Net Loss | ($1,619,110) | ($1,561,807) | | Net Loss Attributable to Common Shareholders | ($1,473,196) | ($1,137,812) | | Net Loss Per Common Share (Basic and Diluted) | ($0.36) | ($0.41) | | Weighted Average Shares Outstanding | 4,089,329 | 2,806,185 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Q1 2025 cash flows show $1.41 million used in operations, $2.91 million in investing, and a significant $4.38 million inflow from financing, resulting in a net cash increase Cash Flow Summary for the Three Months Ended March 31 (Unaudited) | Cash Flow Activity | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | ($1,405,389) | ($1,477,240) | | Net Cash Used in Investing Activities | ($2,905,332) | ($648,447) | | Net Cash Provided by Financing Activities | $4,379,500 | $1,420,773 | | **Net Increase (Decrease) in Cash** | **$68,779** | **($704,914)** | - The primary source of cash in Q1 2025 was **$4.53 million** in net proceeds from the sale of common stock[20](index=20&type=chunk) [Notes to Unaudited Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Notes detail RPM Interactive's shift to AI-driven media, deconsolidation of Metabizz VIEs, a $4.53 million stock offering in January 2025, and a new 'at the market' offering program - The company deconsolidated its Variable Interest Entities (VIEs), Metabizz LLC and Metabizz SAS, on March 31, 2024, as it ceased doing business with them[26](index=26&type=chunk)[34](index=34&type=chunk)[40](index=40&type=chunk) - In January 2025, the company sold 1,200,000 shares of common stock at $4.25 per share, receiving net proceeds of **$4,532,000**[43](index=43&type=chunk)[102](index=102&type=chunk) - In February 2025, the company entered into an 'at the market offering' agreement to sell up to **$6,000,000** of its common stock[104](index=104&type=chunk)[105](index=105&type=chunk) - Subsequent to the quarter, in April 2025, subsidiary RPM Interactive appointed a new CEO, CFO, and CTO, and the company entered into a new four-year lease for its office premises[127](index=127&type=chunk)[130](index=130&type=chunk)[134](index=134&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strategic shifts including RPM Interactive's focus on AI-generated content, Q1 2025 stable operating expenses with R&D decreases offset by compensation and professional fees, and sufficient liquidity for the next twelve months - The company has repositioned its majority-owned subsidiary, RPM Interactive, Inc., to focus on becoming an AI-generated publishing company for mobile game apps and podcasts, ceasing development of the Habytat platform[137](index=137&type=chunk)[144](index=144&type=chunk) - Management believes that existing working capital and cash on hand, including proceeds from the January 2025 offering, are sufficient to meet operating needs for the next twelve months[43](index=43&type=chunk)[173](index=173&type=chunk) [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q1 2025 operating expenses remained flat at $1.66 million, with a 97.4% decrease in R&D offset by increases in compensation and professional fees, leading to a 3.7% higher net loss Operating Expenses Breakdown (Three Months Ended March 31) | Expense Category | 2025 ($) | 2024 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Compensation and related expenses | $967,280 | $897,664 | 7.8% | | Marketing and advertising expenses | $38,262 | $34,717 | 10.2% | | Professional and consulting expenses | $455,484 | $253,625 | 79.6% | | Research and development | $6,000 | $233,918 | -97.4% | | General and administrative expenses | $193,503 | $243,626 | -20.6% | | **Total Operating Expenses** | **$1,660,529** | **$1,663,550** | **-0.2%** | - The increase in compensation expenses was mainly due to a **$350,000** executive bonus and increased stock-based compensation, partially offset by a reduction in staff[162](index=162&type=chunk) - The sharp decrease in R&D expenses is attributed to the cessation of development on the Metaverse software project[165](index=165&type=chunk) [Liquidity, Capital Resources and Plan of Operations](index=33&type=section&id=Liquidity%2C%20Capital%20Resources%20and%20Plan%20of%20Operations) As of March 31, 2025, the company held **$1.27 million** cash and **$5.79 million** short-term investments, with **$6.51 million** working capital, bolstered by a **$4.53 million** stock offering Liquidity Position as of March 31, 2025 | Item | Amount ($) | | :--- | :--- | | Cash and cash equivalents | $1,265,478 | | Short-term investments | $5,785,219 | | Working capital | $6,506,071 | - Net cash used in operating activities decreased to **$1.41 million** in Q1 2025 from **$1.48 million** in Q1 2024[175](index=175&type=chunk) - Net cash provided by financing activities was **$4.38 million** in Q1 2025, primarily from the sale of common stock, compared to **$1.42 million** in Q1 2024[180](index=180&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a 'smaller reporting company,' the company is exempt from providing quantitative and qualitative disclosures about market risk - As a 'smaller reporting company' as defined in Rule 12b-2 of the Exchange Act, the company is exempt from providing quantitative and qualitative disclosures about market risk[186](index=186&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were ineffective as of March 31, 2025, due to material weaknesses including lack of segregation of duties and inadequate controls, with remediation plans outlined - Management concluded that disclosure controls and procedures were **not effective** as of March 31, 2025[187](index=187&type=chunk) - The ineffectiveness was due to identified material weaknesses, including: - Lack of segregation of duties within accounting functions - Lack of multiple levels of management review on complex issues - Inadequate system and manual controls[189](index=189&type=chunk)[192](index=192&type=chunk) - Remediation plans include the possible hiring of additional accounting and finance personnel and establishing better review and approval processes[189](index=189&type=chunk) [PART II. OTHER INFORMATION](index=37&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no current material legal proceedings or claims that would adversely affect its business or financial condition - The company reports no current material legal proceedings[194](index=194&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) No material changes in risk factors are reported since the last Annual Report on Form 10-K - No material changes in risk factors are reported since the last Annual Report[195](index=195&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or common stock repurchases during the quarter ended March 31, 2025 - There were no unregistered sales of equity securities in the quarter[196](index=196&type=chunk) - The company did not repurchase any of its equity securities during the quarter[197](index=197&type=chunk) [Other Information](index=37&type=section&id=Item%205.%20Other%20Information) No directors or executive officers adopted or terminated Rule 10b5-1 trading plans or other trading arrangements during the quarter - No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during the quarter[200](index=200&type=chunk)

Core Insights - DatChat, Inc. has received a Notice of Allowance for its patent application titled "Systems and Methods of Transforming Electronic Content," which is expected to be formally issued within 90 days [1][2] - The patent will secure the company's intellectual property rights across 39 European countries, enhancing the protection of its DatChat Messenger and Myseum platforms [2] - DatChat's intellectual property portfolio now consists of 15 issued patents, 1 Notice of Allowance, and several filed international patent applications [3] Company Overview - DatChat, Inc. is a secure messaging and social media company focused on user privacy and information protection, allowing users to control message visibility and prevent screenshots [4] - The DatChat Messenger enables users to set message lifespan on recipients' devices and delete messages or threads, ensuring privacy [4] - The Myseum platform serves as a secure digital storage solution for families to share and store messages, photos, videos, and documents [4]

Core Insights - DatChat, Inc. has entered into a strategic relationship agreement with The Photo Managers to enhance its Myseum social media platform, leveraging TPM's network of over 700 professional photo managers [1][2] Group 1: Strategic Collaboration - The collaboration aims to gather insights from experienced professionals in the photo management industry, which will help refine the Myseum platform to better meet user needs [2][3] - Myseum will benefit from expert advisory, introductions to industry leaders, and participation in events such as The Photo Managers Conference 2025 [2][4] Group 2: Myseum Platform Overview - Myseum, launched in March 2025, offers a unique approach to digital media and content management, allowing users to create a digital legacy for sharing today and with future generations [3][7] - The platform is backed by AI technology and proprietary software, enabling secure storage and sharing of digital content like messages, photos, and videos [3][7] - Myseum provides users with 50 GB of free storage, with additional storage available for a one-time fee of $29.95 per 50 GB [6]

[Part I](index=6&type=section&id=Part%20I) [Business](index=6&type=section&id=Item%201.%20Business) DatChat, Inc. is a private messaging, cybersecurity, and social media company focused on user privacy and secure digital content management, while also developing AI-generated mobile game apps and podcasts - The company's core business is a privacy-focused messaging platform, DatChat Messenger, which allows users to delete messages from recipient devices and protects against screenshots[21](index=21&type=chunk)[22](index=22&type=chunk) - DatChat has expanded its business by launching the Myseum social media platform for secure digital content storage and acquiring RPM Interactive, Inc. to enter the AI-generated gaming and podcasting market[20](index=20&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) - Following the acquisition of RPM Interactive in October 2024, the company ceased development of its Habytat metaverse platform to refocus resources on AI-driven technologies[20](index=20&type=chunk)[28](index=28&type=chunk) - The company holds **15 issued patents** related to its encryption and digital asset technologies as of March 28, 2024, with these patents set to expire in 2036[41](index=41&type=chunk) - As of March 26, 2025, the company has **10 full-time employees** and utilizes external professionals for various operational tasks[47](index=47&type=chunk) [Risk Factors](index=11&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks due to its limited operating history, lack of revenue, recurring net losses, intense competition, and dependence on third-party platforms - The company has a limited operating history with minimal revenues and significant net losses, reporting a net loss of **$5,025,007 in 2024** and **$8,404,970 in 2023**[51](index=51&type=chunk) - DatChat faces intense competition from large, well-resourced companies such as Apple, Alphabet (Google), Meta (Facebook), and Snap Inc[56](index=56&type=chunk) - The business is heavily reliant on third-party services, including the Apple App Store for distribution and Amazon Web Services (AWS) for its entire computing infrastructure, posing risks from potential disruptions or unfavorable policy changes[57](index=57&type=chunk)[75](index=75&type=chunk) - The company's metaverse strategy through its Habytat platform was unsuccessful, leading to the cessation of its development, highlighting risks associated with investing in new and unproven technologies[98](index=98&type=chunk) - As an "emerging growth company," DatChat is subject to reduced public company reporting requirements, which could make its common stock less attractive to some investors[126](index=126&type=chunk) [Unresolved Staff Comments](index=29&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - There are no unresolved staff comments[142](index=142&type=chunk) [Cybersecurity](index=29&type=section&id=Item%201C.%20Cybersecurity) The company's cybersecurity program, led by the Chief Technology Officer, employs a multi-faceted approach to manage risks and utilizes third-party service providers and external audits - The cybersecurity team, led by the CTO, uses a multi-pronged approach including an enterprise risk management program, security reviews, vulnerability management, and internal 'red team' simulations to manage threats[143](index=143&type=chunk) - The company supplements its internal security with external audits, a bug bounty program, and a vendor risk management program, also engaging third-party cybersecurity consultants and professional service firms[144](index=144&type=chunk)[145](index=145&type=chunk) [Properties](index=30&type=section&id=Item%202.%20Properties) The company's principal executive office lease terminated on December 31, 2024, and it is currently leasing the space on a month-to-month basis - The company's office lease expired on December 31, 2024, and it is now leasing the space on a month-to-month basis[148](index=148&type=chunk) [Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently aware of any legal proceedings or claims that would have a material adverse effect on its business, financial condition, or operating results - The company is not currently a party to any material legal proceedings[149](index=149&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[150](index=150&type=chunk) [Part II](index=31&type=section&id=Part%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=31&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock and Series A Warrants are listed on the Nasdaq Capital Market, with 1,439 shareholders of record as of March 26, 2025, and no cash dividends paid or anticipated - Common stock and Series A Warrants are traded on the Nasdaq Capital Market under symbols **DATS** and **DATSW**[152](index=152&type=chunk) - As of March 26, 2025, there were **1,439 shareholders of record**[153](index=153&type=chunk) - The company has never paid cash dividends and does not intend to in the foreseeable future[154](index=154&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal year 2024, DatChat's net loss decreased to $5.0 million from $8.4 million in 2023, primarily due to a 39.9% reduction in operating expenses, with liquidity bolstered by a January 2025 stock offering Fiscal Year 2024 vs. 2023 Financial Performance | Financial Metric | FY 2024 ($) | FY 2023 ($) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Revenues | 436 | 672 | (236) | (35.1%) | | Total Operating Expenses | 5,281,339 | 8,784,703 | (3,503,364) | (39.9%) | | Loss from Operations | (5,280,903) | (8,784,031) | 3,503,128 | 39.9% | | Net Loss | (5,025,007) | (8,404,970) | 3,379,963 | 40.2% | | Net Loss Attributable to Common Shareholders | (4,239,160) | (8,404,970) | 4,165,810 | 49.6% | | Net Loss Per Share (Basic & Diluted) | (1.43) | (4.14) | 2.71 | 65.5% | - The significant decrease in operating expenses was mainly due to a **$2.44 million (51.3%) reduction in compensation expenses** (from lower stock-based compensation and staff cuts), a **$0.26 million (67.0%) decrease in marketing**, and a **$0.49 million (36.5%) drop in R&D costs** after ceasing development of the Metaverse software[184](index=184&type=chunk)[185](index=185&type=chunk)[187](index=187&type=chunk) - As of December 31, 2024, the company had **$1.2 million in cash and cash equivalents** and **$3.0 million in short-term investments**, with a subsequent stock offering in January 2025 raising net proceeds of **$4.5 million**, which management believes is sufficient to fund operations for the next 12 months[196](index=196&type=chunk)[197](index=197&type=chunk) - Net cash used in operating activities decreased to **$4.4 million in 2024** from **$6.5 million in 2023**[199](index=199&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, DatChat is not required to provide this information - The company is not required to provide this information as it qualifies as a smaller reporting company[208](index=208&type=chunk) [Financial Statements and Supplementary Data](index=40&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section references the consolidated financial statements and related notes, which are included at the end of the Form 10-K report, starting from page F-1 - The company's audited financial statements are located in pages **F-1 through F-22** of the report[209](index=209&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=40&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None reported[210](index=210&type=chunk) [Controls and Procedures](index=40&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that as of December 31, 2024, the company's disclosure controls and procedures and its internal control over financial reporting were not effective due to identified material weaknesses - Management concluded that disclosure controls and procedures were not effective as of December 31, 2024[211](index=211&type=chunk) - Internal control over financial reporting was also deemed not effective due to material weaknesses[213](index=213&type=chunk) - Identified material weaknesses include: lack of segregation of duties, insufficient levels of management review, and inadequate system/manual controls, primarily due to limited personnel[214](index=214&type=chunk)[219](index=219&type=chunk) [Other Information](index=41&type=section&id=Item%209B.%20Other%20Information) During the last fiscal quarter, no directors or executive officers adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement - No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement in the fourth quarter of 2024[217](index=217&type=chunk) [Part III](index=42&type=section&id=Part%20III) [Directors, Executive Officers and Corporate Governance](index=42&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section provides biographical information for the company's executive officers and directors, detailing the composition of the Board's committees and the adoption of a code of business conduct and an insider trading policy - The executive team includes **Darin Myman (CEO)**, **Peter Shelus (CTO)**, and **Brett Blumberg (CFO)**[222](index=222&type=chunk) - The Board has three independent directors: Wayne D. Linsley, Joseph Nelson, and Carly Luogameno, who comprise the entirety of the Audit, Compensation, and Nominating and Corporate Governance committees[234](index=234&type=chunk)[235](index=235&type=chunk)[236](index=236&type=chunk) - The company has adopted a formal code of business conduct and ethics and an insider trading policy[237](index=237&type=chunk)[238](index=238&type=chunk) [Executive Compensation](index=45&type=section&id=Item%2011.%20Executive%20Compensation) For fiscal year 2024, CEO Darin Myman's total compensation was $750,000, with details on other executive salaries and employment agreements provided Named Executive Officer Compensation (2024) | Name and Principal Position | Year | Salary ($) | Bonus ($) | Total ($) | | :--- | :--- | :--- | :--- | :--- | | Darin Myman, CEO | 2024 | 450,000 | 300,000 | 750,000 | | Brett Blumberg, CFO | 2024 | 60,000 | - | 60,000 | | Peter Shelus, CTO | 2024 | 275,000 | - | 275,000 | - CEO Darin Myman's employment agreement provides for a **$450,000 base salary** and a potential annual bonus up to **$350,000**, including severance benefits equal to 24 months of base salary upon certain termination events[248](index=248&type=chunk) - CFO Brett Blumberg's employment agreement provides for an annual base salary of **$60,000**[249](index=249&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=48&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) As of March 26, 2025, CEO Darin Myman beneficially owned 4.65% of the company's common stock, with all directors and named executive officers as a group owning 7.64% Security Ownership of Management (as of March 26, 2025) | Name | Shares | Percentage | | :--- | :--- | :--- | | Darin Myman (CEO) | 200,000 | 4.65% | | Peter Shelus (CTO) | 100,000 | 2.34% | | All Directors & NEOs as a group (6 persons) | 327,500 | 7.64% | - As of December 31, 2024, there were **485,430 securities** remaining available for future issuance under the company's equity compensation plans[254](index=254&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=49&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The company disclosed a related party transaction involving VR Interactive LLC, an entity partially owned by the CEO and CTO, and confirmed the independence of three Board members - On January 10, 2024, VR Interactive LLC, an entity partially owned by the CEO and CTO, purchased **8,000,000 shares** of subsidiary RPM Interactive for **$120,000**, becoming a 25% non-controlling interest holder[258](index=258&type=chunk)[309](index=309&type=chunk) - The Board of Directors has determined that Wayne D. Linsley, Carly Luogameno, and Joseph Nelson are independent directors[262](index=262&type=chunk) [Principal Accountant Fees and Services](index=50&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) The company paid its principal accountant, Salberg & Company, P.A., total fees of $102,100 in fiscal year 2024, primarily for audit services, all pre-approved by the audit committee Accountant Fees | Fee Type | 2024 ($) | 2023 ($) | | :--- | :--- | :--- | | Audit Fees | 91,200 | 78,600 | | Audit Related Fees | 10,900 | – | | Tax Fees | – | – | | All Other Fees | – | – | | **Total** | **102,100** | **78,600** | - All audit and non-audit services provided by the independent registered public accounting firm were pre-approved by the audit committee[266](index=266&type=chunk) [Part IV](index=51&type=section&id=Part%20IV) [Exhibits and Financial Statement Schedules](index=51&type=section&id=Item%2015.%20Exhibit%20and%20Financial%20Statement%20Schedules) This section lists the documents filed as part of the 10-K report, including references to the consolidated financial statements and notes on omitted schedules - This section provides an index of the financial statements and a list of all exhibits filed with the 10-K report[269](index=269&type=chunk)[273](index=273&type=chunk) [Form 10-K Summary](index=52&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable to the company - Not applicable[275](index=275&type=chunk)

Core Points - DatChat, Inc. has launched its Myseum Social Media Platform for storing and sharing digital photos, now available for download on Apple iOS and Android devices [1][2] - The company will sponsor and participate in The Photo Managers Conference 2025, scheduled for April 22-26 in San Diego, California [1][3] Company Overview - DatChat, Inc. is a secure messaging and social media company that emphasizes user privacy and control over shared information [5] - The Myseum platform allows users to create a digital legacy, enabling secure storage and sharing of messages, photos, videos, and documents within a private family library [2][5] - The company’s technology includes features that allow users to control message visibility duration and prevent screenshots, enhancing user security [5] Industry Context - The Photo Managers, founded in 2009, is a leader in training professionals to help individuals and families organize, preserve, and share memories [4] - The upcoming conference provides a platform for DatChat to showcase Myseum to a targeted audience of photo professionals and potential users [3][4]

New Brunswick, NJ, Feb. 18, 2025 (GLOBE NEWSWIRE) -- DatChat, Inc. (Nasdaq: DATS) (“DatChat” or the “Company”), a secure messaging and social media company, today announced that the Mexican Patent office issued a Notice of Allowance for patent application MX/a/2022/001527 titled “Systems and Methods of Transforming Electronic Content.” Following receipt of the Notice of Allowance, DatChat filed the final issue paperwork, paid the issue fees, and expects formal issuance of the patent in the next 90 days. “Th ...